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Assume an assessment rate of 40% of market value and a millage rate of 6.5 mils. What is the tax on a $185,000 house with

Assume an assessment rate of 40% of market value and a millage rate of 6.5 mils. What is the tax on a $185,000 house with a homestead exemption of $10,000 (with the exemption applied to market value)?

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